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Facts About El Paso Local Business

As the sixth largest city in Texas, El Paso is a unique city that intersects three states: Texas, New Mexico and Chihuahua. The city is the center of up to 20 billion business activities every year in the U.S and Mexico. The affordable cost of living, real estate and the predominantly blue-collar workforce make El Paso the affordable city to start a local business.

El Paso is an important entry point for Mexican into the U.S meaning that local business owners in the city can benefit remarkably in this strategically located city due to the movement of the Mexicans into the city.

Startup and Growth

Finding startup capital is one the vital task for the growth and expansion of most local business in today’s challenging economy. The city works with several institutions and partners to highlight the various medium for access to capital that is available for the city’s local business community. The city also helps to convey information on available programs and opportunities for the growth of the local business to grow their customer, sales, capacity and revenue base.

Commercial Shipping

El Paso strategic location makes it an international gateway for import and exports of goods in out the United States. The city is the 5th busiest land border in the U.S by the value of both importation and exportation making it an additional advantage for the local business owner to utilize the potential of the city to strengthen their activities in and outside the U.S.

State and Local Incentives

Local business owners benefit tremendously from the incentives from both the state and the local level as they are keen to provide tools, training and procurements opportunities that they need for their business to thrive.

Affordable Tax Rate

The city offers an effective business taxes, low workers’ compensation and unemployment expenses, tax credits, funds, and grants.

Labor Force and Employment

There is abundant productive workforce in El Paso due to the International trade in the region triggered by the North American Free Trade Act (NAFTA) and the Mexican Maquiladora Program. This has helped to ensure the city’s success in the global economy.